3 Computer Software & Services Stocks Driving The Industry Higher
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 95 points (-0.5%) at 18,476 as of Monday, July 25, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 974 issues advancing vs. 1,919 declining with 171 unchanged.
The Computer Software & Services industry currently is unchanged today versus the S&P 500, which is down 0.6%. Top gainers within the industry include
(
), up 2.0%,
(
), up 1.3% and
(
), up 1.0%. On the negative front, top decliners within the industry include
(
), down 1.1%,
Cognizant Technology Solutions
(
), down 0.6% and
(
), down 0.6%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
Check Point Software Technologies
(
) is one of the companies pushing the Computer Software & Services industry higher today. As of noon trading, Check Point Software Technologies is up $1.84 (2.2%) to $83.57 on heavy volume. Thus far, 1.1 million shares of Check Point Software Technologies exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $81.74-$83.60 after having opened the day at $81.82 as compared to the previous trading day's close of $81.73.
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Check Point Software Technologies Ltd. offers software and combined hardware products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. Check Point Software Technologies has a market cap of $14.2 billion and is part of the technology sector. Shares are up 0.4% year-to-date as of the close of trading on Friday. Currently there are 7 analysts who rate Check Point Software Technologies a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Check Point Software Technologies
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
Check Point Software Technologies Ratings Report
now.
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2. As of noon trading,
(
) is up $0.95 (1.3%) to $72.50 on average volume. Thus far, 1.5 million shares of VMware exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $72.05-$73.03 after having opened the day at $72.30 as compared to the previous trading day's close of $71.55.
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VMware, Inc. provides virtualization and cloud infrastructure solutions in the United States and internationally. VMware has a market cap of $30.0 billion and is part of the technology sector. Shares are up 26.5% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate VMware a buy, 1 analyst rates it a sell, and 19 rate it a hold.
TheStreet Ratings rates
VMware
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full
now.
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1. As of noon trading,
(
) is up $0.46 (1.1%) to $41.90 on average volume. Thus far, 5.5 million shares of Activision Blizzard exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $41.60-$42.63 after having opened the day at $41.96 as compared to the previous trading day's close of $41.44.
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Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through two segments, Activision Publishing, Inc. and Blizzard Entertainment, Inc. Activision Blizzard has a market cap of $30.5 billion and is part of the technology sector. Shares are up 7.0% year-to-date as of the close of trading on Friday. Currently there are 13 analysts who rate Activision Blizzard a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Activision Blizzard
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full
Activision Blizzard Ratings Report
now.
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If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
iShares S&P NA Tech Software Idx
(
) while those bearish on the computer software & services industry could consider
ProShares Ultra Short Technology
(
).